Gold prices surged again on Wednesday, touching ₹1,25,760 per 10 grams (24K) amid global market volatility, safe-haven buying, and expectations of policy easing by major central banks.
According to the latest update from Ananya Chaudhuri, the yellow metal has continued its upward trend this week, supported by firm international cues and a weaker dollar.
Domestic gold prices have followed the rally, with nearly all major Indian cities showing an uptick across 22K and 24K purity segments.
Why Are Gold Prices Rising?
Analysts attribute the price jump to:
Global economic uncertainty pushing safe-haven demand
Expectations of rate cuts by the US Federal Reserve
Weakening of the US dollar index
Festive and wedding season demand in India
Strong inflows into gold ETFs
The trend suggests sustained investor interest in gold as a hedge against inflation and volatility.
Gold Price Today: City-Wise Rates (24K & 22K)
24K Gold Price (10 grams):
Delhi: ₹1,25,760
Mumbai: ₹1,25,590
Kolkata: ₹1,25,590
Chennai: ₹1,26,220
Bengaluru: ₹1,25,540
Hyderabad: ₹1,25,590
Ahmedabad: ₹1,25,560
22K Gold Price (10 grams):
Delhi: ₹1,15,300
Mumbai: ₹1,15,150
Kolkata: ₹1,15,150
Chennai: ₹1,15,750
Bengaluru: ₹1,15,100
Hyderabad: ₹1,15,150
Ahmedabad: ₹1,15,120
(Prices may vary slightly depending on jeweller and GST.)
Demand Trends in India
With the wedding season in full swing, demand for jewellery and bullion remains strong. Traders report:
Increased purchases of 22K jewellery
Higher footfall in gold showrooms
Rising interest in digital gold and sovereign gold bonds
Investors are closely watching global events for further price movement.
What’s Next for Gold Prices?
Experts predict:
Prices may remain elevated in the near term
More volatility around global economic announcements
Possible new highs if central banks ease rates further
However, a sudden dollar rebound or profit booking could lead to short-term corrections.
FAQs
1. Why did gold prices rise today?
Due to global uncertainty, safe-haven demand, and Fed rate-cut expectations.
2. What is the gold price in Delhi today?
₹1,25,760 for 24K per 10 grams.
3. Which city has the highest gold rate today?
Chennai, at around ₹1,26,220 for 24K.
4. Does GST apply to gold purchases?
Yes, 3% GST + making charges apply.
5. Will gold prices rise further?
Possible, depending on global cues and central bank policies.
Published on : 26th November
Published by : SMITA
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Source Credit: Content inspired by reporting from Ananya Chaudhuri